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Lehman Brothers had accused JPMorgan of contributing to the investment bank’s epic downfall in September 2008. (Credit: AP)

Lehman Gets Nod On $1.4B JPMorgan Settlement

A New York bankruptcy judge on Monday approved a $1.42 billion settlement to resolve most litigation between Lehman Brothers Holdings Inc. and JPMorgan over transactions that occurred in the runup to Lehman’s 2008 bankruptcy.

  • BREAKING: Fortis To Buy Electric Transmission Co. ITC In $11.3B Deal

    Fortis will buy ITC Holdings, the largest independent electric transmission company in the U.S., in a deal worth $11.3 billion, including debt, as the Canada-based electric and gas utility continues its push for growth, according to a Tuesday statement.

  • Kaye Scholer Atty Taps Gupta Prosecutor In Shkreli Case

    The Kaye Scholer LLP partner charged with securities fraud alongside pharma bad boy Martin Shkreli has enlisted a Gibson Dunn partner who was the lead prosecutor in Rajat Gupta’s insider trading trial and who also helped convict hedge fund boss Raj Rajaratnam, according to New York federal court documents.

  • Cliffs To Pay $84M To End Investor Suits Over Troubled Mine

    Cliffs Natural Resources Inc. has agreed to pay $84 million to settle a shareholder lawsuit in Ohio federal court and similar state-court suits alleging the company's former officers misled investors about the financial effect of its purchase of a Canadian iron mine, the company announced Sunday.

  • Cadwalader Revenue Takes Hit Amid Litigation Slowdown

    Gross revenue at New York City’s oldest law firm, Cadwalader Wickersham & Taft LLP, fell 3.7 percent in 2015 to $463.5 million, largely prompted by a slowdown in litigation work, the firm said on Monday.

  • Anti-Abortion Group Barred From Releasing Videos

    A California federal judge has banned the Center for Medical Progress from releasing its “misleadingly edited” footage purporting to show abortion providers agreeing to sell fetal body parts for profit, finding that the raw material shows no wrongdoing and that the CMP members broke legally-binding confidentiality agreements.

  • Joseph Slights Of Morris James Tapped For Del. Chancery

    Gov. Jack Markell on Monday tapped former Delaware Superior Court Judge Joseph R. Slights III, now a partner at Morris James LLP, for the soon-to-be-vacated seat on the state's highly respected Chancery Court, choosing a jurist with a dozen years of bench experience for the post.